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SOMRS

State of Michigan Retirement System Portfolio holdings

AUM $22.6B
1-Year Est. Return 40.24%
This Fund
S&P 500
This Quarter Est. Return
+16.07%
1 Year Est. Return
+40.24%
3 Year Est. Return
+127.54%
5 Year Est. Return
+152.65%
10 Year Est. Return
+534.6%
AUM
$14.7B
AUM Growth
+$2.07B
Cap. Flow
+$354M
Cap. Flow %
2.42%
Top 10 Hldgs %
23.75%
Holding
986
New
30
Increased
237
Reduced
486
Closed
23

Top Buys

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$132M
2
BMY icon
Bristol-Myers Squibb
BMY
+$104M
3
TSLA icon
Tesla
TSLA
+$97.6M
4
MBB icon
iShares MBS ETF
MBB
+$50.1M
5
GILD icon
Gilead Sciences
GILD
+$47.7M

Top Sells

Rank Stock Value
1
PINS icon
Pinterest
PINS
+$84M
2
AGNC icon
AGNC Investment
AGNC
+$57.1M
3
JPM icon
JPMorgan Chase
JPM
+$52.7M
4
AVY icon
Avery Dennison
AVY
+$46.3M
5
CBRE icon
CBRE Group
CBRE
+$46M

Sector Composition

Rank Sector Weight
1 Technology 22.87%
2 Healthcare 14.37%
3 Financials 11.76%
4 Consumer Discretionary 10.09%
5 Communication Services 8.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DG icon
76
Dollar General
DG
$27.9B
$46.6M 0.32%
221,608
-1,900
-0.9% -$406K
SNAP icon
77
Snap
SNAP
$9.01B
$45.6M 0.31%
909,810
– –
MAS icon
78
Masco
MAS
$15.3B
$45.4M 0.31%
826,954
-1,000
-0.1% -$55.1K
XOM icon
79
ExxonMobil
XOM
$634B
$45.4M 0.31%
1,101,418
-12,200
-1% -$457K
EBAY icon
80
eBay
EBAY
$49.8B
$45.4M 0.31%
902,942
+733,300
+432% +$37.4M
QCOM icon
81
Qualcomm
QCOM
$176B
$43.3M 0.3%
284,374
-303,500
-52% -$42.3M
WFC icon
82
Wells Fargo
WFC
$264B
$42.8M 0.29%
1,419,216
-1,012,000
-42% -$26.2M
COST icon
83
Costco
COST
$420B
$41.8M 0.29%
110,905
-1,800
-2% -$673K
KHC icon
84
Kraft Heinz
KHC
$30B
$41.6M 0.28%
1,200,219
+1,005,900
+518% +$32.7M
CVX icon
85
Chevron
CVX
$366B
$40.9M 0.28%
484,068
+7,591
+2% +$615K
FMC icon
86
FMC
FMC
$1.33B
$40.8M 0.28%
355,167
+322,100
+974% +$35.9M
BRK.A icon
87
Berkshire Hathaway Class A
BRK.A
$1.12T
$40.3M 0.28%
116
– –
XYZ
88
Block Inc
XYZ
$47.5B
$40.2M 0.27%
184,906
-36,070
-16% -$7.04M
MCD icon
89
McDonald's
MCD
$195B
$40.2M 0.27%
187,363
-2,500
-1% -$544K
EMR icon
90
Emerson Electric
EMR
$88.3B
$40.2M 0.27%
500,004
+347,500
+228% +$25.8M
SFIX
91
Stitch Fix
SFIX
$560M
$40.2M 0.27%
684,328
+83,330
+14% +$3.57M
HON icon
92
Honeywell
HON
$78B
$39.8M 0.27%
198,327
-63,660
-24% -$11.6M
MDT icon
93
Medtronic
MDT
$112B
$39.6M 0.27%
338,437
-4,600
-1% -$506K
TXN icon
94
Texas Instruments
TXN
$261B
$39.5M 0.27%
240,729
-2,100
-0.9% -$327K
IQV icon
95
IQVIA
IQV
$39.3B
$38.5M 0.26%
214,704
-600
-0.3% -$101K
NEE icon
96
NextEra Energy
NEE
$177B
$38M 0.26%
492,660
-7,000
-1% -$524K
BBY icon
97
Best Buy
BBY
$17.3B
$37M 0.25%
370,685
+301,000
+432% +$33.7M
SPNT icon
98
SiriusPoint
SPNT
$2.68B
$36.7M 0.25%
3,850,000
-235,000
-6% -$2.05M
DHR icon
99
Danaher
DHR
$144B
$35.3M 0.24%
179,282
-2,482
-1% -$498K
UNP icon
100
Union Pacific
UNP
$174B
$35.3M 0.24%
169,448
-3,800
-2% -$759K
2 3
4
5 6

Similar funds

FAM
Fred Alger Management New York $22.8B AUM 64.63% 1-Year Est. Return
BA
Bridgewater Associates Westport, Connecticut $22.4B AUM 34.48% 1-Year Est. Return
Tiger Global Management
Tiger Global Management New York $22.8B AUM 30.07% 1-Year Est. Return
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 1-Year Est. Return
Capital Fund Management (CFM)
Capital Fund Management (CFM) Paris, France $22.1B AUM 20.49% 1-Year Est. Return
CAM
Cresset Asset Management Chicago, Illinois $23.1B AUM 27.04% 1-Year Est. Return
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 1-Year Est. Return
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return

State of Michigan Retirement System's Q4 2020 Portfolio in Review

As of Q4 2020, State of Michigan Retirement System held 986 positions worth $14.7B, up 16% from $12.6B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

State of Michigan Retirement System's Q4 2020 filing shows 30 new, 237 increased, 486 reduced and 23 closed positions. Its largest new stake was Tesla: 572,100 shares worth $135M. The largest sale was Pinterest, an estimated $84M.

By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 22% a quarter earlier, followed by Healthcare and Financials.

  • State of Michigan Retirement System's largest Q4 2020 buy was Tesla: 572,100 shares worth $135M.
  • State of Michigan Retirement System added most to Apple in Q4 2020, an estimated $132M increase.
  • State of Michigan Retirement System's biggest Q4 2020 reduction was Pinterest, cutting an estimated $84M.
  • State of Michigan Retirement System fully exited AGNC Investment in Q4 2020, selling an estimated $57.1M.
  • State of Michigan Retirement System's ten largest holdings make up 24% of its $14.7B portfolio in Q4 2020.
  • State of Michigan Retirement System opened 30 new positions and closed 23 in Q4 2020.
  • State of Michigan Retirement System's portfolio value rose 16% quarter-over-quarter to $14.7B.

Based on State of Michigan Retirement System's 13F filing for Q4 2020, filed 1 Feb 2021.